Global sales of Islamic bonds may match the 2007 record as issuers rush to benefit from low borrowing costs before economic growth pushes yields higher, Maybank Investment Bank and CIMB Islamic Bank say.

This article is certainly revealing. Sukuk are supposed to be Shariah-Compliant, which prohibits the payment of interest, yet this article speaks of a yield of 4.6% on global sukuk.

This suggests reverse engineering in which sukuk essentially pay interest, but the industry concocts terminology and convoluted mechanisms to mask the payment of interest.


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